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Kashagan should not become a symbol for Asian oil

Central Asia’s oil and gas are crucial to global energy balances, but the region is facing some lean years

Discovered in 2000, Kashagan confirmed Central Asia’s arrival as the energy world’s new powerhouse. With recoverable reserves of 13 billion barrels, the field was a true giant, scotching notions that the oil industry could no longer uncover the resources needed to keep adequate global supply ticking ever upwards. The firms that arrived in Kazakhstan to extract the crude promised swift development. Oil would flow from 2005 and the field would pump 1.5 million barrels a day (b/d).Petroleum Economist’s readers will be familiar with the failures that followed. Kashagan only started producing last year. Within a month it was shut. The future profitability of the field, being developed through a p

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